Read your firm’s financial statements and establish a routine for doing so on a regular basis.
Recognize and resolve financial statement errors.
Be alert to certain important tax considerations, including ones specific to law firms.
This comprehensive and convenient course is designed for new and future solo and small law firm owners in all practice areas who want to create a solid foundation and clear understanding about the financial side of running a thriving law practice.
Note: This course is not a replacement for the relationships you’ll need with your accounting and tax advisors, but rather the education you need to better understand how to interact and work with those important business partners.
Sydney Strickland & Leigh Ann Webster
Lorrie Thomas Ross
How long is the course?
Approximately 2 hours. This assumes you watch each video in its entirety, take all the quizzes, and spend a couple of minutes with each of the handouts.
Is this course relevant to my practice area?
Yes! Different practice areas will have nuances, but the basics taught in this course apply across the board to solo/small law firms.
Will this course teach me to do my own bookkeeping or tax returns?
No. This course provides fundamental knowledge for interacting with your bookkeeper and tax advisor, but won't turn you into a bookkeeper or a tax preparer.
Is this course CLE qualified?
No. Course participation does not include Continuing Legal Education credits.
What if I don't learn anything from the course?
Assuming the topics of accounting, taxes, and cash flow management are new to you, we are confident that you'll learn quite a bit! However, if you find this course isn't what you were looking for, we're more than happy to provide a refund.